Home Loans Online Application | Bank of Melbourne

How it works
Application online
Special offers
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Here's how it works

Do it your way

Get your home loan online, over the phone or face-to-face. Whatever suits you.

Paperless process

Paperwork. Yuck. Use our step-by-step online process to apply instead.

Get your own rate

We'll personalise an interest rate to you as soon as you finish your application.

Ask us anything

Not a home loan expert? Don't worry - we are. Ask our Concierge today.

Basic home loan. Sensational rate.

2.99% p.a. Variable rate
3.01% p.a. Comparison rate^*

Including 1.17% p.a. discount off our Basic Home Loan Variable Rate with no package fee. For new Owner Occupier (Principal & Interest^{^^}). LVR⁺ above 60% up to 80%.

T&C's apply. See comparison rate warning.

Get started Get started Learn more Learn more

Start your application online

Learn how much you could borrow.

Receive indicative approval in under 15 minutes.

Our Concierge will call you once you've submitted your application to help handle the rest of the process.

Online only offer: Refinance and get...

$4k

Cashback^ for your first application

For new Owner Occupier with Principal & Interest repayments and Investment loans. Available on our Advantage Package and Basic home loans. $395 annual package fee. $250k min loan per property refinanced. Excludes refinances from within Westpac Group. Applications received by 31 January 2020, with loan settled by 31 March 2020.

Looking to refinance?

What else do I need to know?

^$2,000 Refinance Cashback
For new refinance applications received from 23 September 2019 to 31 January 2020, with loan settled by 31 March 2020. Offer current as at 23 September 2019. Offer available on the Advantage Package and Basic Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans. $250k min loan per property refinanced. Only 1 cashback per property refinance will be paid regardless of the number of loans involved. Offer may be varied or withdrawn at any time. Excludes Portfolio Loans, switches and refinances of home loans within the Westpac Group which include Bank of Melbourne, Westpac, St.George Bank, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible Bank of Melbourne transaction account. Applicants must have a Bank of Melbourne transaction account linked to the home loan at the time of settlement and must keep this account open for 60 days after settlement. Applicants home loan repayments must be direct debited from this transaction account. The cashback will be paid into this account within 60 days after settlement. Before deciding to acquire a Bank of Melbourne transaction account, read the terms and conditions and consider if the product is right for you. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

Our Home Loans

We offer a range of mortgages to suit your needs with competitive interest rates.

Calculators & Rates

Find your home loan

See at a glance how fees, features and loan purposes differ by product.

Compare our Home Loans Compare our Home Loans

The Detail

Conditions, fees and credit criteria apply.

Based on Bank of Melbourne credit criteria, residential lending is not available for Non-Australian resident borrowers.

Before making a decision, it’s best to read the terms and conditions:

Residential Loan Agreement – General Terms and Conditions (PDF 1MB)

Portfolio Loan Agreement - General Terms and Conditions (PDF 186KB)

Loan Accounts – Charges for specific services and accounts (PDF 841KB)

Advantage Package - Terms and Conditions (PDF 889KB)

Please read these documents and keep a copy. You can request a paper copy at a branch.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 22 66. Tax consequences may arise from promotions for investors and customers should seek independent advice on any taxation matters.

Property valuation: valuation is valid for 90 days. Your upfront bank valuation assessment may require further valuation assessment if your property does not fit lending guidelines.

Personalised rate: A variable rate loan discount is valid for 14 days and a fixed rate discount is valid for 5 days. All interest rates are subject to change.

Support and live chat: dedicated teams are here to help you 7 days a week. Available 8am-10pm Mon-Fri and 9am-5pm Sat-Sun.

^*Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. After the fixed rate period expires the interest rate will revert to the applicable Standard Variable rate based on loan category and repayment type. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^{^^}Basic Home Loan Promotional Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 28 October 2019. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.

⁺LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

Welcome to our Home Loan Concierge